Gold World News Flash |
- Fed Smacks U.S. Dollar; Europe and Japan Lose Hope
- The Collapse Isn’t a Joke — David Quintieri
- SILVER MYTHS SMASHED: The Most Commonly Spoken Silver Lie Today
- The Fed Can`t Raise Rates Because the Sky Is Blue
- No interest rate increases ever, Rickards says; Bloomberg anchor cites gold manipulation
- "Dr. Bitcoin Venezuela" Wages 'Economic War' Against Maduro's Currency Controls
- Swiss vote on central bank gold could limit manipulation
- The Gold Price Closed at $1,205.30 then Shot Up $18.30 in the Aftermarket to $1,223.60
- Silver Offers More Value Than Gold In This Market
- Fed Smacks Dollar; Europe and Japan Lose Hope
- Gold Daily and Silver Weekly Charts - Quod Erat Demonstrandum
- Microdocumentary: 4 Major Boom And Bust Cycles Explained
- Jim Rickards on How the Dollar Will Lose Its Reserve Status
- What Has Recent History Shown About Inflation, Debt, Prosperity?
- All Eyes on the Swiss Gold Referendum
- Dan Popescu: The calm before the storm in the gold market
- Watch Sprott, Rule, and Embry discuss prospects for monetary metals
- Survive Ebola: Become a “White Blood Cell” For Mankind
- Gold: Time to Prepare for Big Gains?
- Gold and Silver Stocks Apocalypse Now, Bear Market Review
- Gold; a Simpleton’s View
- London gold fix price manipulation confirmed by Australian researchers
- We’re in an Economic Neverland… Part 2
- David Morgan's Secret to Being Grateful, Even at $17 Silver
- The Gold Bug is Set to Bite Back
- Unleashing the Oil Weapon Against Russia: How to Destroy a Great Empire
- Gold in Tug of War Between Asian Demand, Dollar Strength
- Fed-Induced Bounce-Back; Will the End of QE3 Lead to a Bear Market?
| Fed Smacks U.S. Dollar; Europe and Japan Lose Hope Posted: 09 Oct 2014 12:29 AM PDT FOMC's fear of a strong dollar drives greenback lower NEW YORK (MarketWatch) -- The U.S. dollar turned lower against rivals Wednesday afternoon after the FOMC released minutes from its September meeting, revealing that members raised concerns that a one-two punch of a strong dollar and stagnant growth abroad could impede U.S. growth. The closely followed central bank minutes also showed that several Fed officials wanted to remove language indicating that short-term interest rates would likely remain low "for a considerable time," but held off in part because of concern that the market would misinterpret it as a policy shift. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Collapse Isn’t a Joke — David Quintieri Posted: 08 Oct 2014 09:00 PM PDT from Prepper Recon: David Quintieri of TheMoneyGPS.com is back on the show today to talk about the real unemployment numbers and global economic instability. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| SILVER MYTHS SMASHED: The Most Commonly Spoken Silver Lie Today Posted: 08 Oct 2014 08:33 PM PDT Wicked Men Hate Truth from The Wealth Watchman:
The powerful quote above is most often attributed to Dr. Ron Paul. Though I've never seen this attribution verified beyond any doubt, it is fitting that he should be credited with it, even if he wasn't the first to say it. My brothers, we live in an age of ulterior motives, agendas, and untruths. It's undeniable. If you don't believe me, then consider this: How many sources do you trust to give you the full, unvarnished run-down on the matters that are really important to you? The things you feel you cannot go without knowing in this world…who do you turn to, for an analysis which you'd consider completely selfless and trustworthy?
Do you turn on the TV? Is that where you find truth? Do you listen to your elected officials? (Dear God, I certainly hope not!) Do you read the newspaper, or turn on the radio? Do you hop online, to check out Fox News, CNN, CNBC, MSNBC, MSN, or Huffpo? Chances are, you probably rolled your eyes or chuckled when I mentioned every last one of those sources of information. It's not surprising. Everywhere you turn, you're barraged with lies. Understandably, and unfortunately, it's made our generation a bit cynical. Why do we live in such a time as this, where lies are "truth", and real truths are unspeakable? I submit it's because, we live in an empire of lies. The financial and monetary system that benefits a select few at the top, goes marching on, seeking to pilfer and subdue others, so that the pyramid of debt can grow ever taller, upon the backs of billions of lives.
Yet, Truth always stands in the way of that agenda, doesn't it? Truth empowers people, it gives organic confidence and faith in things that are wholesome and real. It restores lives and livelihoods. It gives sovereignty and integrity back to communities. It lifts us up, and shines a pure light that scatters the vampires, the morlocks, and the werewolves in our world. Real truth has the power to give you your life back, and render besetting evils impotent. "Great Watchman, so you like truth! So what exactly does this have to do with silver?" Oh, friend, do you not see? Silver is one of the most powerful truths God has given us. Silver is a siren, shrieking out to warn the masses of the crimes perpetrated against them. Silver shields you against financial fraud and malevolence. Silver inoculates its owners against the disease of inflationary central banking. Silver's blood(from these price smashes) cries out from the very ground, to indict the London, and Wall Street marauders. Silver, and those who own it, stand as a great Judge, pointing ten million fingers at the perpetrators of HFT spoofing fraud, of bank bailouts, of wars of empire, of political profligacy, of LIBOR scandals, of drug-laundering, and myriad other crimes, saying: You are Guilty!
Silver is one of the most potent truths in our world, and is therefore considered anathema to the global elites. Simply put, the financial elites hate silver, because they hate truth itself. If truth be treason, then silver's very existence is a high form of eternal treason. So, whaddaya say, brothers! Ready to commit some silver treason against these globalists with me?! Excellent! So, let's have some fun, as we take a hammer to some of the most goofy silver lies in our time. By the way, if you're one of the proud Shield Brothers who are charging headlong into the gates of hell, by buying even more silver, as the HFT carpet bombings continue to be carried out all around you, then brother: I salute you! Still, our brave schiltron will be continually pelted by lies to steal their confidence, and slow their momentum. I intend to go through some of these lies systematically, and puncture their tires, so that you can continue going from strength to strength. The Most Common Silver Lie Today Perhaps you've read or heard it stated in a forum, perhaps you've read it in a YouTube comments section, or maybe you heard it from just a random stranger. The exchange goes something like this: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Fed Can`t Raise Rates Because the Sky Is Blue Posted: 08 Oct 2014 08:09 PM PDT By EconMatters
We Cannot Raise Rates Because…
This is starting to become outright laughable if it wasn`t so incompetent and irresponsible interest rate policy, or lack of policy by the Federal Reserve. Forget unemployment, GDP, Structural Economic Issues, Wages, or Inflation now the reason the Federal Reserve cannot raise interest rates from recession era levels is because the dollar is too strong. Talk about drawing the line, moving the line back or forward; now the Federal Reserve is trying to redefine what constitutes a 'line' in the first place.
Fed Out of Financial Markets
We are not talking about raising the Fed Fund`s Rate to 4% we are just talking about raising rates more in line with basically a normal functioning economy growing at 2 plus percent on an annual basis with an unemployment rate in the fives. If the Federal Reserve cannot raise rates after 7 long years, this either says a lot about their lower rate and QE strategy in the first place, i.e., it hasn`t worked, or they need to quit making excuses and raise the freaking rate already. This has gone on long enough; I want the Federal Reserve out of financial market manipulation with absurdly idiotic interventionist policies. There is something seriously wrong if the Federal Reserve cannot raise the Fed Fund`s Rate a measly 100 basis points after 7 longs years of ZIRP! Seven years is an entire business and economic cycle, shoot the economy has been at ZIRP for so long it literally could cycle back to recession just because it has been so long, and business cycles have normal patterns of growth and contraction, we did study this in business school, this is economics 101!
Read More >> The Fed Can't Wait For Wage Inflation to Raise Rate
If I hear another idiot dove discuss another obscure reason why they need to continue with ZIRP methodology because Apple had a bad quarter, or Spain has high unemployment, or China is trying to rebalance their economy, or Venezuela has a social system that sucks, or Germany needs to diversify from Luxury Automobiles, or 50 people in Developed Economies die from Ebola, or the Middle East is in conflict then the Federal Reserve should just come out and state that due to an 'imperfect world' they can never raise rates, and the Fed Fund`s Rate has now been renamed the ZIRP New Normal Rate for eternity.
Read More >>> Newsflash: Everyone Shops Online These Days!
I heard some analyst come on TV and say Geo-Political turmoil is at unprecedented levels, gee how did the world ever survive two world wars, AIDS, Communism, the Iraq-Iran War, Israel fighting many wars, starvation in Africa, Presidential Assassinations, the Vietnam War, Argentina, Mexican, Russian Currency Bailouts all without a ZIRP Mandate for Lifetime Emergency Measure to save Mankind! If only we keep ZIRP around and investors are enabled to buy more stocks and bonds at any valuation and low of a yield, throwing all risk exposure scenarios out the window, because ZIRP is the Wonder Drug it solves all global problems, and any valuation and yield is justifiable when the money is free under the New World Normal Economic Models of the Federal Reserve.
Unintended Consequences & History of Fed Interventions
Everything has a cost, that is the first lesson the Fed needs to get straight right now, and absurd dovishness has consequences, as I see it there is a tradeoff, and with an economy creating 250k jobs a month, and an unemployment rate under six, it is only a matter of when and not if before wage inflation smacks the Fed where they though they actually wanted to see Wages Rising Faster than Janet Yellen can say $15 minimum Wage for flipping burgers. Gas prices may be giving consumers a break but this just means prices will be raised in retail now that consumers have a little extra cash in their pockets to spend on discretionary purchases until oil makes its next $25 dollar run in the other direction on stronger demand and the next Middle East Crisis. I agree that the Minimum Wage needs to be raised, corporations will exploit as much as you let them get away with, but why do you think the Minimum Wage is so out of whack with the Cost of Living, it is because there has been runaway inflation since the last raise in the Minimum Wage due to excessively loose monetary policies and selective measuring of overall inflation in the economy!
Read More >>> Central Banks Biggest Concern Should Be Market Stability
Ask Yourselves Why the Minimum Wage Needs to be raised So Much?
Oh poor Fed the "Official Government Tracked" measure of inflation is under 2%, this is mighty convenient for a body that benefits from lower inflation measures, so that they can continue printing money and creating more asset bubbles that amazingly enough don`t turn out right, and then the Fed needs to come to the rescue all over again with additional economic stimulus. The financial markets have become so reliant on Fed Stimulus in what are supposed to be price discovery and value setting mechanisms that they literally don`t know how to function without their monthly Crack Infusion from the Federal Reserve. Europe literally is begging for more Crack or they are going to throw a temper tantrum as if 10 basis point borrowing costs isn`t enough already. More Crack Stimulus is not the answer for economic problems at the zero bound, and failure to recognize this 'Enabling Central Bank Role' in setting the groundwork for future financial crises in the form of unsustainable asset prices not reflecting the underlying fundamentals of poor Debt To GDP Ratios in Europe, or US Stocks & Bonds unable to sustain themselves without ZIRP Stimulus from the Federal Reserve is the definition of insanity.
The Tradeoff: Deferred Gratification a Sign of Competence
Enough already the world is never going to be perfect, the economy is never going to be perfect but responsible Fed Policy understands this tradeoff, you can raise interest rates sooner and in a more gradual fashion, or wait to raise rates and have to raise a bunch in a short amount of time. And given where asset prices are after 7 years of stimulus which scenario do you think will cause more market instability? What I am referring to is the next financial crisis if the Fed waits to raise rates, i.e., they take the short-term benefit at the risk of the long-term ruin, then they are not only destined for sending the financial markets into a calamitous event, but given all the warnings and recent history of Fed inspired Bubbles Bursting, it seems a deliberate suicidal plan. It seems the Federal Reserve being an independent body accountable to no oversight has to stop; a strong dollar because the US Economy is outperforming its peers is a good thing, and not an excuse to continue ZIRP Madness. I swear next the Doves at the Fed will say that 'Aging Demographics' is a real concern for them, and therefore they might have to keep interest rates lower for a more prolonged amount of time. How did my parent`s generation ever survive with a 4% Fed Funds Rate? The Fed has become the local Crack Dealer for Financial Markets!
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| No interest rate increases ever, Rickards says; Bloomberg anchor cites gold manipulation Posted: 08 Oct 2014 06:37 PM PDT 9:39p ET Tuesday, October 7, 2014 Dear Friend of GATA and Gold: Interviewed this week by Bloomberg News TV, fund manager and geopolitical analyst James G. Rickards contends that interest rates are unlikely ever to be raised again in his lifetime. He says that as the composition of the Board of Governors of the Federal Reserve System changes in January and becomes more supportive of easy money and as the U.S. economy remains so weak, the Fed is likely to launch another round of "quantitative easing" next year. When the inteview turns to gold, one of the Bloomberg anchors remarks in passing that "some would say" central banks "manipulate" it -- though of course, since he is a financial journalist, he can't be expected to do any research as to whether there's any truth in what "some say." Rickards notes the "enormous" demand for gold from China and says "the gold available to support the paper market is shrinking." The interview is 8 minutes long and is posted at Bloomberg here: http://www.bloomberg.com/video/fundamental-u-s-economy-is-very-weak-rick... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Buy precious metals free of value-added tax throughout Europe Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries. Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world. Visit us at www.europesilverbullion.com. Join GATA here: New Orleans Investment Conference https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520... Mines and Money London http://www.minesandmoney.com/london/ * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| "Dr. Bitcoin Venezuela" Wages 'Economic War' Against Maduro's Currency Controls Posted: 08 Oct 2014 05:47 PM PDT "Even though bitcoin is volatile, it's still safer than the national currency," said one young 'tech-savvy' Venezuelan, who as Reuters reports, is looking to bypass President Maduro's dysfunctional economic controls. "I'm teaching people to use bitcoin to bypass the exchange controls," said Gerardo Mogollon, a business professor who styles himself as "Dr. Bitcoin Venezuela," speaks at conferences and appears in online videos to urge Venezuelans to adopt the crypto-currency. Even small dollar transactions are out of the question for most Venezuelans since capital controls mean acquiring hard currency now means either requesting it from the state, which struggles to satisfy demand, or tapping a shadowy black market. While bitcoin prices have fallen this year, Venezuela's own Bolivar has also plunged against the US dollar (and a black market dollar costs 16 times more than the government rate) and so two Venezuelan-born brothers are launching 'SurBitcoin' exchange this week to match local buyers and sellers, explaining "In Venezuela, we have a gold fever: a bitcoin fever!"
As Reuters reports, Venezuela offers a glimpse of just how powerful a virtual, unregulated, non-government-controlled currency can be (despite the high volatility)...
##And this is spreading... with no official commentary on bitcoin from Maduro on the 'economic war' being waged against his government...
And so the local market for bitcoins is gathering pace in Venezuela...
Currently, bitcoin trading in Venezuela is between enthusiasts who use internet forums and social media to make ad hoc deals.
* * * We suspect this capital-control-bypassing use of virtual currencies will only grow. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Swiss vote on central bank gold could limit manipulation Posted: 08 Oct 2014 05:32 PM PDT 8:37p ET Wednesday, October 8, 2014 Dear Friend of GATA and Gold: GATA Chairman Bill Murphy and your secretary/treasurer are quoted tonight in a report by Alex Newman in The New American magazine about Switzerland's forthcoming referendum on repatriating the country's gold reserves and converting 20 percent of the country's foreign exchange reserves into gold. The report is headlined "Swiss Vote on Central Bank Gold Could Limit Manipulation" and it's posted at The New American here: http://www.thenewamerican.com/world-news/europe/item/19269-swiss-vote-on... Yes, The New American is the organ of the John Birch Society, which Wikipedia says is considered extremist for supporting limited government and opposing communism: http://en.wikipedia.org/wiki/John_Birch_Society Since GATA not only supports limited government and opposes communism but also advocates accountability for government officials, transparency for government operations, and free markets, God only knows how unattractively we can be characterized. But as Murphy played professional football 46 years ago and as your secretary/treasurer met President Jimmy Carter at the White House 36 years ago, we have learned how to live a lot down. Besides, Murphy and your secretary/treasurer will talk to just about anyone who will listen about manipulation of the gold market -- even to The Wall Street Journal and the Financial Times, should they ever get serious about journalism and restoring free markets to Western civilization. CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Free Storage with BullionStar in Singapore Until 2016 BullionStar is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore. BullionStar's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in BullionStar's bullion vault, which is integrated with BullionStar's shop and showroom, making it a convenient one-stop-shop for precious metals in Singapore. Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage is FREE until 2016 and will have the most competitive rates in the industry thereafter. For more information, please visit Bullion Star here: Join GATA here: New Orleans Investment Conference https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520... Mines and Money London http://www.minesandmoney.com/london/ * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Gold Price Closed at $1,205.30 then Shot Up $18.30 in the Aftermarket to $1,223.60 Posted: 08 Oct 2014 03:45 PM PDT
On Comex today, the GOLD PRICE closed down $6.40 (-0.53%) at $1,205.30. Silver was 17.6 cents lower at $17.02. Here's what's odd. Comex closes at 1:30, but all the damage the FOMC minutes might have down had already been done. Then a little after 3:30. long after the news had broken, gold gapped up $6 and launched heavenward. In the aftermarket it's trading at $1,223.60, $18.30 (1.5%) higher! Silver is selling for $17.45, 43.5 cents higher than the close -- 2.6% higher! But look here. The GOLD PRICE had crucial support at $1,206, and despite the Nice Government Men's best efforts -- whoops, I didn't mean to write that. The reader will please ignore that remark. Anyway, gold HELD that critical support, then sprang higher. We work with a convention of market "closes" that hardly applies in these days of 24-hour markets. How important is the Comex closing when you can still trade later all around the world? Today makes that plain. Gold's $1,205.30 close looks weak, but in fact it ran up to $1,223.60, the next resistance area, nearly $20 higher, AND above the $1,218.70 20 DMA. At $17.45, the SILVER PRICE stands only ten cents from punching through the downtrend line, and only 30 cents from its 20 DMA. Indicators have all turned up, pointing to higher prices. Now 'tis the time to swap gold for silver, and capture this high premium. My nightmare is that silver and gold prices would stage a big rally here, but then fail to get through $1,350 on the rally, then fall back for one last swoon. Problem is, I can't read the future. Despite the dollar's fall now, it appears to be headed much higher. That contrary wind doesn't exactly fill gold's sails. However, if the stock market has topped, the gold price will begin to shine much brighter. And metals have been correcting for three years, surely long enough. In this every-changing sublunary world, the only constant is change. Overnight whole civilizations can collapse. I was reminded today that the Stock Market peaked on 9 October 2007 at 14,164.53 and a year later in September and October was ravaged by the Panic of 2008. On 9 October 2008 the Dow closed at 8,579.19, 39.4% off it 2007 peak. And similar carnage was wreaked on silver and gold prices. In this sea of change, how do we find any lasting value? I might take that off into a philosophical or theological direction, but I will forebear and restrict myself to the secular world. When the guarantors of value and guardians of the law depreciate and undermine every value, what do you do? Till memory runneth not to the contrary, men have valued silver and gold. I won't say they have intrinsic value, only that men have always valued them. Also, today silver and gold are the only values that keep value OUTSIDE THE SYSTEM. Since the hilariously mis-named Bank Secrecy Act of 1970 the US government has been constructing a world-wide police state. They can cut off all your electronic credits at the flip of an electron, but that silver and gold are OUTSIDE their system. If they can't find it, they can't steal it. But what do I know, a nat'ral born durned fool from Tennessee? Very strange action in today's markets. FOMC minutes of last month's meeting were published today and roiled markets. Stocks ended up, dollar ended down, and metals sprang high after stooping low. The FOMC published minutes of its last meeting today and they implied (this is like reading sheep guts to tell the future), at least in the eyes of people buying stuff today, that (1) the FOMC are in no hurry to raise rates, and (2) they weren't too keen on a strong dollar, either. About the time that news broke the US dollar index fell off a cliff. It lost 43 basis points (0.51%) to end at 85.33. This is good news for gold, but it played out oddly as I'll explain below. The euro woke up enough to rise 0.6% to $1.2740, still below its 20 DMA ($1.2774). However, it has floated up out of the oversold zone and its MACD has turned up, so you can expect higher prices. Despite the Bank of Japan's announcing on 7 October that it would significantly increase its monetary base, from $550 billion to $655 billion or 17.27%, the yen rose 0.4% to 92.50 cents per 100 yen. Yen has now climbed over its 20 DMA and appears set to rally. We'll see how efficiently the BoJ can poison that rally. Bond prices rose in spite of dollar woes. Yield on the 10 year treasury fell 0.85% to 2.330%. Looks like that interest rate increase all those wise speculators and hedge fund managers were betting on isn't coming true after all. Shucks. Reading sheep guts to tell the future beats parsing the Fed's intention any day. Stock charts look like somebody had a little advance notice how those Fed minutes might read, as stocks climbed just above unchanged and hovered, but rose as 2:00 p.m. drew closer. At the announcement stocks shot up. Dow rose 274.83 (1.64%) to 16,994.22. S&P500 gained 33.79 (1.75%). Now I ask you, just because I like to pose as sane every now and then: Did the US economy really become 1.64% more valuable today because the Fed might suppress interest rates a little longer? To ask the question is to spotlight the mindless gullibility ruling markets, the economy, and the Fed. Looking closer, all today's huge rise accomplished was to boost the Dow above its 50 DMA, but not the S&P500. In both cases buying trampolined off the last low. This volatility reflects bears and bulls wrestling and struggling for the prize. The Dow is below and outside its uptrend line from March 2009. The S&P500's analogous line not stands at 1,904. Broken uptrend lines are almost as easy to repair as eggshells. Of course the Dow in Metals rose today. Dow in silver rose to S$1,286.59 silver dollars (995.91 oz), but this sawing back and forth looks like a top running shy of momentum. All indicators still point to the earth's core. Dow in gold rose back above its 20 DMA (G$288.99 gold dollars or 13.98 oz) to end at G$291.27 (14.09 oz). All indicators point steadily, stubbornly down. Aurum et argentum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2014, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Silver Offers More Value Than Gold In This Market Posted: 08 Oct 2014 03:12 PM PDT As silver prices started to decline last year, silver mining companies halted projects where costs were too high in relation to the new reality of silver prices. According to a report produced for the Silver Institute and created by Thomson Reuters GFMS, in 2013, the silver supply fell to 985.1 million ounces, down from 1,005.3 million ounces a year earlier—a two-percent drop in production. (Source: The Silver Institute web site, last accessed October 1, 2014.) But demand for silver was increasing over the same period. While silver prices were declining (from the same report), demand for silver in 2013 increased 13% to 1,081 million ounces, compared to 954 million ounces in 2012. Demand for silver coins and bars jumped 76% in 2013 over 2012! As silver prices fell, investors bought more silver. The chart below compares gold bullion prices (golden line) and silver prices (grey line) over the last year.
Looking at this chart, you will make one key observation: while gold bullion prices still remain above their December 2013 lows, silver prices have broken below their 2013 lows and are down more than 10% year-to-date. Looking at this, I ask: has anything changed for silver? The only change is that the media is telling us the economy is doing better; hence, investors are not buying into the precious metal sector. But the reality of the situation is that the supply of silver in the market is declining, while demand is rising by the double-digits. Pessimism towards the "poor man's gold" has gone too far. In fact, I'm expecting silver to provide investors with a better return than gold bullion over the next 24 months. If gold bullion prices were to return to their high of $1,900 an ounce, the gain from today's gold bullion prices would be 60%. If silver were to return to its high of $50.00 an ounce (achieved in 2011)—the gains from silver's current trading level would be 194%. The more the precious metal mining sector is shunned by investors, the greater the opportunity. The shares of well-known silver miners are selling for deep discounts. I don't believe these prices will stay low for much longer.
Author: Michael Lombardi from Profitconfidential.com
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| Fed Smacks Dollar; Europe and Japan Lose Hope Posted: 08 Oct 2014 01:56 PM PDT The Fed spoke today and as usual it made news — though this time it might actually be real news:
Really bad news for Europe and Japan
One explanation for this surge in volatility is that the dollar is spiking at a time when stocks are priced for perfection, producing Fear (that an appreciating currency will price US exports out of world markets and make domestic debts harder to manage) to contend with the Greed generated by a long bull market. The Fed understands the risk posed by a surging dollar and is using it as an excuse to do what it wants to do in any event: continue to hold interest rates at artificially low levels and keep the helicopter money flowing. US equity markets loved this reprieve, of course. But now the question becomes: If too-strong currencies helped to push Europe and Japan back into recession, and weaker currencies (versus the dollar) were those economies’ main hope for avoiding an ugly deflationary crash, then what does the Fed’s desire to keep a lid on the dollar mean? The answer isn’t pretty. If the dollar goes down from here that’s the same thing as saying the yen and euro go up. And if those currencies rise, Japan and Europe are toast. So this story has just begun, and the next chapter is likely to involve some seriously desperate/experimental actions from the European Central Bank and Bank of Japan. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Daily and Silver Weekly Charts - Quod Erat Demonstrandum Posted: 08 Oct 2014 01:38 PM PDT | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Microdocumentary: 4 Major Boom And Bust Cycles Explained Posted: 08 Oct 2014 01:30 PM PDT Most believe that expansionary monetary policy helps ease crises. Austrian School economists argue that central banks don't help in smoothing the amplitude of the cycles, but rather are the cause of cycles. In this microdocumentary video, we look back at four major busts in the last 100 years and explain how central banks created them. We also clarify why we believe the next bust is just around the corner. This video will not explain the mainstream view, but rather the view of the Austrian Business Cycle Theory (ABCT). Austrian economists argue that business cycles are a direct cause of excessive credit flow into the market. This is facilitated by an intentionally low interest rate set by the government. This situation gives the false impression that money originally saved for investment has increased and the pool of investable funds is bigger. This creates an illusion and leads to misallocation of investments or 'malinvestments'.
Austrian Business Cycle Theory argues that credit inflation is a distortion of what is actually available to support current production and consumption levels. That is why a correction is inevitable. Austrian economist Mises warned that the longer malinvestments continue, the more aggressive the correction becomes. A recession arrives when the economy readjusts as consumers come to reestablish their desired allocation of saving at prevailing interest rates. That is when consumers decide to save more and consume less. In such a market correction, everything goes down. It is a reversal of the inflationary pick up during the boom. This microdocumentary video examines in detail 4 major booms in the last 100 years and explains how monetary policy and interest rate manipulation has led to the inevitable bust:
This video was created by Global Gold Switzerland. Global Gold offers exclusive research reports, available on request without any further obligation.
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| Jim Rickards on How the Dollar Will Lose Its Reserve Status Posted: 08 Oct 2014 01:01 PM PDT I sat down with Jim Rickards, author of many best-selling economics and investing books, including his latest, titled The Death of Money. In this exclusive interview, Jim shares his view on the changes in US foreign policy — the newly announced partnership with Iran to help fight ISIS and recent moves away from the petrodollar deal with Saudi Arabia — and what they mean for the dollar, gold, and investment markets in general. This interview just scratches the surface of the topics Jim covered in his speech at the most recent Casey Research Summit in San Antonio. This video originally appeared here at Casey Research Ed. Note: Last week, we were pleased to introduce Jim Rickards as the newest addition to Agora Financial’s stellar list of editors. His new research letter — Jim Rickards’ Strategic Intelligence — is already turning a few heads. If you’d like to learn more about how you can access his Strategic Intelligence letter for yourself, your best first step is to sign up for the FREE Daily Reckoning e-letter, right here. Once inside, you’ll receive regular updates on how to navigate the markets, and exclusive offers to join this unique list of readers. Click here now to sign up for The Daily Reckoning, completely FREE. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| What Has Recent History Shown About Inflation, Debt, Prosperity? Posted: 08 Oct 2014 12:03 PM PDT In the 1960s Peter, Paul and Mary popularized a song written by Pete Seeger – "Where Have All the Flowers Gone?" The short version is:
When will they ever learn? Another version of this "cycle of life" might be:
When will they ever learn? Fifty years ago we were bombing North Vietnam "back into the stone age." That worked out well for the military contractors but accomplished little for the US people. Twenty years ago we were fighting Iraq and Saddam Hussein. That worked out well for the military contractors but accomplished little for the US people. Ten years ago we were fighting in Iraq. That worked out well for the military contractors but accomplished little for the US people. Today we are still bombing Iraq. Who will benefit and what will this accomplish? When will they ever learn? For perspective, here are some approximate prices that show the consequences of warfare and welfare:
When will they ever learn? Looking ahead:
When will they ever learn?
Additional Reading Gary Christenson | The Deviant Investor | GEChristenson.com
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| All Eyes on the Swiss Gold Referendum Posted: 08 Oct 2014 12:00 PM PDT On November 30th, voters in Switzerland will head to the polls to vote in a referendum on gold. On the ballot is a measure to prohibit the Swiss National Bank (SNB) from further gold sales, to repatriate Swiss-owned gold to Switzerland, and to mandate that gold make up at least 20 percent of the SNB’s assets. Arising from popular sentiment similar to movements in the United States, Germany, and the Netherlands, this referendum is an attempt to bring more oversight and accountability to the SNB, Switzerland’s central bank. ….no tyrannical regime in history has bullied Switzerland as much as the United States government has in recent years. The Swiss referendum is driven by an undercurrent of dissatisfaction with the conduct not only of Swiss monetary policy, but also of Swiss banking policy. Switzerland may be a small nation, but it is a nation proud of its independence and its history of standing up to tyranny. The famous legend of William Tell embodies the essence of the Swiss national character. But no tyrannical regime in history has bullied Switzerland as much as the United States government has in recent years. The Swiss tradition of bank secrecy is legendary. The reality, however, is that Swiss bank secrecy is dead. Countries such as the United States have been unwilling to keep government spending in check, but they are running out of ways to fund that spending. Further taxation of their populations is politically difficult, massive issuance of government debt has saturated bond markets, and so the easy target is smaller countries such as Switzerland which have gained the reputation of being "tax havens." Remember that tax haven is just a term for a country that allows people to keep more of their own money than the US or EU does, and doesn’t attempt to plunder either its citizens or its foreign account-holders. But the past several years have seen a concerted attempt by the US and EU to crack down on these smaller countries, using their enormous financial clout to compel them to hand over account details so that they can extract more tax revenue. The US has used its court system to extort money from Switzerland, fining the US subsidiaries of Swiss banks for allegedly sheltering US taxpayers and allowing them to keep their accounts and earnings hidden from US tax authorities. EU countries such as Germany have even gone so far as to purchase account information stolen from Swiss banks by unscrupulous bank employees. And with the recent implementation of the Foreign Account Tax Compliance Act (FATCA), Swiss banks will now be forced to divulge to the IRS all the information they have about customers liable to pay US taxes. On the monetary policy front, the SNB sold about 60 percent of Switzerland’s gold reserves during the 2000s. The SNB has also in recent years established a currency peg, with 1.2 Swiss francs equal to one euro. The peg’s effects have already manifested themselves in the form of a growing real estate bubble, as housing prices have risen dangerously. Switzerland… is ruled by a group of elites who are more concerned with their own status… than with the good of the country. Given the action by the European Central Bank (ECB) to engage in further quantitative easing, the SNB’s continuance of this dangerous and foolhardy policy means that it will continue tying its monetary policy to that of the EU and be forced to import more inflation into Switzerland. Just like the US and the EU, Switzerland at the federal level is ruled by a group of elites who are more concerned with their own status, well-being, and international reputation than with the good of the country. The gold referendum, if it is successful, will be a slap in the face to those elites. The Swiss people appreciate the work their forefathers put into building up large gold reserves, a respected currency, and a strong, independent banking system. They do not want to see centuries of struggle squandered by a central bank. The results of the November referendum may be a bellwether, indicating just how strong popular movements can be in establishing central bank accountability and returning gold to a monetary role. Regards, Ron Paul Ed. Note: Sick and tired of central banks decimating your purchasing power? Don’t worry… There are alternatives… Including one “underground banking system” that’s working wonders for a handful of savvy investors right now. Readers of The Daily Reckoning email edition got a chance to get in on this banking system for themselves. If you’re not signed up yet, you missed out. Don’t let another great opportunity like this pass you by. Sign up for The Daily Reckoning email edition, for FREE, right now and start reaping all of the financial benefits of being a subscriber. This article originally appeared at The Ron Paul Institute. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dan Popescu: The calm before the storm in the gold market Posted: 08 Oct 2014 10:32 AM PDT 1:30p ET Wednesday, October 8, 2014 Dear Friend of GATA and Gold: Writing for Goldbroker, market analyst Dan Popescu argues that despite the overwhelmingly negative publicity engulfing gold, currency war continues to rage and will work in gold's favor. Popescu's commentary is headlined "The Calm Before the Storm in the Gold Market" and it's posted at Goldbroker here: https://www.goldbroker.com/en/news/calm-before-storm-gold-market-612 CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Silver mining stock report comes with 1-ounce silver round Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal in 2014, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit: Join GATA here: New Orleans Investment Conference https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520... Mines and Money London http://www.minesandmoney.com/london/ * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Watch Sprott, Rule, and Embry discuss prospects for monetary metals Posted: 08 Oct 2014 10:25 AM PDT 1:22p ET Wednesday, October 22, 2014 Dear Friend of GATA and Gold: If you missed Sprott Asset Management's hour-long roundtable discussion of the prospects for the monetary metals the other day, you can still watch it on the Internet and hear the comments of CEO Eric Sprott, fund manager Rick Rule, and investment analyst John Embry. Just visit the Sprott Internet site here -- https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.... -- register, and sit back and watch. CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit: http://www.goldmoney.com/?gmrefcode=gata Join GATA here: New Orleans Investment Conference https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520... Mines and Money London http://www.minesandmoney.com/london/ * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Survive Ebola: Become a “White Blood Cell” For Mankind Posted: 08 Oct 2014 10:15 AM PDT Please share this episode far and wide… The information provided below could save your life in the event of an all-out pandemic. It will also show you how the world's governments and health officials aren't reacting appropriately to this crisis… and why you shouldn't depend on them to save you. Toward the end of today's episode, you'll learn what you can do to help weaken the virus (and have a much better chance of surviving) if the Battle of Ebola comes to your hometown. If you've arrived here as a result of a friend or family member sharing this issue with you, you can click here to sign up for my FREE Laissez Faire Today e-letter for further updates. We have lots to cover today, so let's begin… "I am sick of the jibber jabber about Ebola," our in-house tech maven Stephen Petranek wrote yesterday to his Breakthrough Technology Alert readers. "The focus on how many people a foreigner has touched, the incredible naivete we are seeing in the reporting about the disease that simply is not helpful or informative or smart and the unfocused hysteria. "We're in far more danger than the pundits can even guess. "…if the outbreak is not stopped now, we could be looking at hundreds of thousands of people infected…" "So much so that the time has come to start thinking about what you will do if a major Ebola virus outbreak occurs in the United States. That's not because there's a case in Dallas or that the person infected may have come in contact with 100 different people. "It's because Ebola is out of control, and the significance of the numbers behind it is not being reported. "When President Barack Obama committed 3,000 U.S. troops on Sept. 15 to help contain Ebola in West Africa, he was on the right track. "At a press conference, he said, 'In West Africa, Ebola is now an epidemic of the likes that we have not seen before. It’s spiraling out of control. It is getting worse… And if the outbreak is not stopped now, we could be looking at hundreds of thousands of people infected, with profound political and economic and security implications for all of us. So this is an epidemic that is not just a threat to regional security — it’s a potential threat to global security.' "You should reread every word in that statement. "Unfortunately," Stephen goes on, "most of the world's health organizations have been playing catch-up with Ebola, and that U.S. commitment of 3,000 troops is still catch-up. "The Cubans, Chinese, French and British have sent fewer than 500 health workers — total. A few months ago, 30,000 workers might have stopped the disease. Now it may require the commitment of 100,000 nurses, troops, doctors and aid givers, but only if they get there soon. But they won't. Within just a few months, Ebola will likely be so out of control that it will finally get the attention it deserves, but then it may be too late. "Here's why: Ebola cases are doubling about every 21 days, the amount of time a person can take to show symptoms after being exposed. "You can start almost anywhere on any day since the outbreak began and then see that the numbers double every three weeks. That means that by the end of December, we should be looking at 300,000-400,000 cases, again with the number doubling within three weeks and then doubling again, etc. Even the Centers for Disease Control has predicted a worst-case scenario of nearly 1.5 million cases by the end of January. "With a death rate that is probably running at least 70% (despite other numbers you may have read, Ebola cases are vastly underreported), it won't take 300,000 new cases of Ebola to cause most countries to shut their borders. "We are in completely unknown territory with this epidemic." "When President Obama talks about threats to national security, he isn't kidding. It is not beyond reasonable scenarios to think of entire cities or regions of the United States under military quarantine. "Drugs can help, but they can't win this battle. Everything about fighting Ebola takes time and trained personnel and quarantining until the disease takes it course. Those 3,000 U.S. troops the military is trying to get on the ground in West Africa? They won't actually be there in force until well into November. We can mobilize for a war in a matter of days, but we have no infrastructure for public health. We've been ignoring it and spending less on it since the days of public bomb shelters in the 1950s and '60s. "We are in completely unknown territory with this epidemic. The bubonic plague of the Middle Ages killed no more than a third of those who got it. "This disease kills as many as 90%. Protecting the people who are trying to help has become a losing battle. About 75% of the health workers who have been fighting Ebola in Africa are dead from the disease. If Ebola gets out of hand in the United States, there aren't enough hazmat suits to go around. "We saw what one case in Dallas could do to the stock market in one day. "Start multiplying that sort of scenario and see where you end up. Ebola is a threat to world order, to national order and to civilization itself. We need to see this as the threat it really is — potentially far greater than anything we have faced — before it really is too late." That's not all Stephen told us… He shared his quick-and-dirty survivalist's guide with us too: "1. Get out of any city when there are more than 10 Ebola cases, before it's surrounded by the National Guard. "2. The ideal retreat is far from the madding crowd and has a water supply you can access without electrical power. "3. You'll need at least six months of food (hint: You can fill that pantry quickly and easily and cheaply with a trip to Costco that involves 100 pounds of rice, 100 pounds of dried beans, several quarts of olive oil, 50 pounds of flour, a bottle of yeast and as many cans of tuna, tomatoes, beans and mushrooms as fit in your car. A few gallons of citrus juice and 10 pounds of dried fruits will keep the scurvy away. Don't forget the tea and coffee for comfort.) You might not need to panic just yet, but it’s good to be prepared. This is a nasty virus. And if it really gets moving, things could turn ugly very quickly… "The virus attacks the body's soft tissues," Chicago Tribune correspondent Paul Salopek said during an Ebola outbreak in 2000, "a process some doctors describe, bluntly, as like watching a patient 'dissolve.'" Yikes. There's no cure. No effective treatment. And no vaccine to speak of yet. But there's still hope, whether the vaccines roll in or not. Here's why… "Presently," one allopathic doctor we mentioned briefly yesterday, Dr. Mark Sircus, writes, "Ebola treatments typically involve the use of intravenous fluids, antibiotics, and oxygen. "Treatment may also include the use of medications to control fever, help the blood clot, and maintain blood pressure. "Even with such supportive care," he writes, "death occurs in 50-90% of people with Ebola." The Ebola virus, as mentioned yesterday, can cause the immune system to run out control and release a "cytokine storm." This storm causes tiny blood vessels to burst all over the body. …your odds of surviving an Ebola outbreak could largely depend upon the strength of your immune system. This, in turn, can cause the blood pressure to plummet and lead to multiple-organ failure from the shock. Here's how Sircus says we may be able to prevent that storm from happening in the infected, while also helping to keep the virus population weak… "It has long been apparent that an increased susceptibility to infectious diseases is common in malnourished human populations," Sircus says. "This has been traditionally viewed as simply a consequence of the fact that the immune system must be maintained by adequate nutrition in order to function optimally. "Only recently have data begun to accumulate in support of the idea that nutritional factors may sometimes have a direct effect on pathogens, and that passage through nutritionally deficient hosts may facilitate evolutionary changes in infectious agents." Greaaat. We spoke yesterday about how your odds of surviving an Ebola outbreak could largely depend upon the strength of your immune system. Sircus takes it a step further and suggests that nutrition plays a major role in who lives and who dies — and that weak immune systems could be making the virus stronger. Has anyone raised the question why Ebola is so deadly in Liberia, a country with vast malnutrition and severely deficient immune systems (and, not to mention, rampantly poor sanitation)? Last year, the Ministry of Agriculture reported that 35.8 percent of the country's population suffer from malnutrition. If Dr. Sircus is right, that could mean that each host that doesn't kill the virus only gives it more strength. So not only is it spreading, it could be getting stronger. This only solidifies what we said yesterday: Every health official on Earth should be encouraging the masses to get healthy and build a strong immune system. By doing so yourself, you'll do your part in weakening Ebola's potential stranglehold on humanity. By raising your immune system, you're essentially becoming a "white blood cell" for the human race if Ebola comes your way. According to Sircus, there are eight specific and essential natural medicines that could greatly increase your chances for survival (these are listed below). Some are probably in your kitchen. A couple more maybe behind the mirror in the bathroom. They're inexpensive and extremely common. Consider carefully what Sircus says about them, and then do your own research. The situation is not hopeless. There are things you can do in the event of a pandemic. God forbid you get infected. But if you survive and never reach Stage Two (and only experience the flu-like walk-in-the-park part of Ebola)… Many top health officials claim you'll have active immunity for up to 10 years, maybe more. By the time your immunity wears off, Ebola will have become a thing of the past. Here's the key… …it is inexcusable that medical and health officials continue to frown on the use of un-patentable medicines… "Patients who are critically ill with Ebola have high nutritional requirements that need to be addressed," Dr. Sircus writes. "Nutritional feeding is critical to patient outcome." There's a huge distinction between natural allopathic medicine, Sircus says, and contemporary medicine. Biggest one, they differ in opinions on what defines "treatment." "Instead of using toxic pharmaceuticals that diminish the immune system by further driving down nutritional status," Sircus says, "we use, we treat and cure through the fulfillment of nutritional law. "We do not need to develop expensive drugs waiting while millions potentially die. Right in the emergency room are already excellent medicines that doctors are familiar with that save lives every day. "Nutritional medicine is safer and more effective than pharmaceutical medicine. Just ask any emergency-room or intensive-care-ward doctor right after he has injected magnesium chloride or sodium bicarbonate to save someone's life. "With Ebola raging in Africa and threatening the rest of the world, it is inexcusable that medical and health officials continue to frown on the use of un-patentable medicines like the ones mentioned [below]. "The substances in the natural allopathic protocol for Ebola offer a power unequalled in the world of medicine that we can harness to save many lives of people infected with Ebola. "However," Sircus opines, "some people would enjoy seeing millions, if not billions, of people die to reduce population down to a more manageable level. "Others would rather stick with their professional pride or obedience to medical officials and let patients die than even think of what should work to decrease the death rate from Ebola. "It really would be a shame if the medical world stands by and lets this pandemic take hold. "The secrets of emergency room and intensive care medicine," Sircus says, "hold the key to resolving Ebola." "Magnesium salts, sodium bicarbonate (baking soda), iodine, selenium, and vitamin C are concentrated nutritional medicinals that have been used in the direst of medical circumstances. "They are widely available, inexpensive and safe to administer round the clock at high dosages. "The core of the natural allopathic protocol redefines the way emergency room and intensive care should be practiced on Ebola patients with proven fast-acting, safe, concentrated and mostly injectable nutritional medicines. "If the Ebola infection truly gets out of hand, it is comforting for parents to know that they can legally administer these same medicinals if infected people are treated at home. All of the natural allopathic medicines can be also taken orally or used transdermally (topically) to almost the same effect if treatment is started early enough. "People who either choose home care or have no other option need to treat everyone in the home at the same time whether demonstrating symptoms or not. Waiting for the contagion to spread inside a family, or with health care professionals in hospitals and clinics, is unwise. The main idea is to get out in front of the virus." Some of the natural allopathic medicines Dr. Sircus mentions below are probably already in your home. Here's what else he recommends… "Selenium," says Sircus, "is a strong antioxidant and anti-inflammatory that can control the cytokine storms provoked from out of control infections." Magnesium chloride (magnesium oil): According to Italian Dr. Raul Vergini, "Magnesium chloride has a unique healing power on acute viral and bacterial diseases… A few grams of magnesium chloride every few hours will clear nearly most acute illnesses, which can be beaten in a few hours. I have seen a lot of flu cases healed in 24-48 hours with 3 grams of magnesium chloride taken every six-eight hours." "Magnesium," Dr. Sircus writes on his website, "is an essential mineral used for hundreds of biochemical reactions, making it crucial for health. "Massive magnesium deficiencies in the general population have led to a tidal wave of sudden coronary deaths, diabetes, strokes, and cancer. Even a mild deficiency of magnesium can cause increased sensitivity to noise, nervousness, irritability, mental depression, confusion, twitching, trembling, apprehension, and insomnia. "The modern diet, with an overabundance of refined grains, processed foods and sugars, contains very little magnesium." Vitamin C: "Because of the seemingly exceptional ability of these viruses to rapidly deplete vitamin C stores," says Dr. Sircus, large doses "of vitamin C would likely be required in order to effectively reverse and eventually cure infections caused by these viruses… "Viral hemorrhagic fevers typically only take hold and reach epidemic proportions in those populations that would already be expected to have low body stores of vitamin C, such as are found in many of the severely malnourished Africans. "In such individuals, an infecting hemorrhagic virus will often wipe out any remaining vitamin C stores before the immune systems can get the upper hand and initiate recovery. When the vitamin C stores are rapidly depleted by large infecting doses of an aggressive virus, the immune system gets similarly depleted and compromised. "According to Dr. Thomas Levy, MD, 'Many viral infectious diseases have been cured and can continue to be cured by the proper administration of Vitamin C. Yes, the vaccinations for these treatable infectious diseases are completely unnecessary when one has the access to proper treatment with vitamin C. And, yes, all the side effects of vaccinations… are also completely unnecessary since the vaccinations do not have to be given in the first place with the availability of properly dosed vitamin C'…” Sodium Bicarbonate (baking soda): "In 1918 and 1919 while fighting the 'Flu' with the U.S. Public Health Service," Dr. Volney S. Cheney wrote to the Arm & Hammer Co. in the 1920s, "it was brought to my attention that rarely anyone who had been thoroughly alkalinized with bicarbonate of soda contracted the disease, and those who did contract it, if alkalinized early, would invariably have mild attacks. I have since that time treated all cases of 'cold,' influenza and 'la gripe' by first giving generous doses of bicarbonate of soda, and in many, many instances within 36 hours the symptoms would have entirely abated." Dr. Emanuel Revici, "the Einstein of medicine," discovered that pH modulation is the key to pain control and containment of deadly disease. Alkalizing the pH of your body with baking soda, says Sircus, "helps to contain pathology — by protecting nearby cells from chemical burns from pH imbalance." Vitamin D: "Vitamin D reduces the risk of dying from a viral infection," says Sircus. "Researchers from Winthrop University Hospital in Mineola, New York found that giving supplements of vitamin D to a group of volunteers reduced episodes of infection with colds and flus by 70% over three years. The researchers said that vitamin D stimulates 'innate immunity' to viruses and bacteria. Very few have any idea that vitamin D can be taken in high dosages like vitamin C can." Iodine: "Extremely high doses of iodine can have serious side effects," Canadian Dr. David Derry writes, "but only a small fraction of such extreme doses are necessary to kill influenza viruses." "Iodine," Sircus says, "is a must when dealing with deadly viruses and would go a long way in decreasing the death rate from Ebola… Deficiencies in iodine have a great effect on the immune system." [Many of you will find the next one controversial, but here goes…] Medical marijuana: According to Dr. Sircus, "All forms of marijuana have anti-oxidative, neuroprotective, immunomodulation, analgesic and anti-inflammatory actions." But, "cannabidiol reduces the extent of damage, reported the National Academy of Sciences. More effective than vitamins C or E, strong antioxidants such as cannabidiol (CBD) will neutralize free radicals without the accompanying high with regular marijuana used for recreational and other medical purposes." Glutathione: According to Dr. Patricia Kongshavn, "Glutathione is required in many of the intricate steps needed to carry out an immune response. It is needed for the lymphocytes to multiply in order to develop a strong immune response, and for killer lymphocytes to be able to kill undesirable cells such as cancer cells or virally infected cells. "The importance of glutathione cannot be overstated. It has multiple roles as indicated and, indeed, as one examines each system or organ more closely, the necessity for glutathione becomes increasingly evident. "These emergency room-class medicinals and therapeutic processes deliver lifesaving healing power…" "Glutathione values decline with age and higher values in older people are seen to correlate with better health, underscoring the importance of this remarkable substance for maintaining a healthy, well-functioning body." "Glutiathone," Theodore Hersch MD, said, "is the body's master antioxidant and best-kept secret to maintaining health." "These emergency room-class medicinals and therapeutic processes deliver lifesaving healing power," says Dr. Sircus. "When one learns about the above intensive care medicines, and how to use them, one gains a lot of medical power and wisdom to overcome the complications and even discomforts of the worst viral infections. "There are always other medicinals one can employ. However, when practicing emergency and intensive care medicine, one wants to select the most powerful substances that are quick acting and safe to take at high dosages. "I also recommend that physicians and other healthcare professionals as well as every household have a good nebulizer and use a high-grade colloidal silver as well as a sodium bicarbonate glutathione product alternating between the two." Regards, Chris Campbell Gold: Time to Prepare for Big Gains? Posted: 08 Oct 2014 08:23 AM PDT | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold and Silver Stocks Apocalypse Now, Bear Market Review Posted: 08 Oct 2014 08:13 AM PDT In part I, Phase III-Dead Ahead, we established the macro case for the final phase of the gold stock bear market. As the bear market progresses the economies key constraint remains the level of debt, specifically the size and composition of the national balance sheet which has baked in the cake a deflationary outcome. It is this wave of deflation that will drive the final phase of this bear market to unimagined lows. The good news, however is when it's finally over the precious metals will transition into the next bull market. We will examine this process and the sign posts along the way as we complete phase III of the bear market and transition into the beginning of the next bull market in the precious metals. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 08 Oct 2014 07:45 AM PDT First off, if you have an interest in the price of gold and have not already done so, I highly recommend you check out Steve Hochberg’s 2-part Elliott Wave video presentation on gold (disclosure: free sign up to Club EWI brings a small commission to yours truly ). With all his zigs, zags, waves and patterns he ends up at the same place I do with my simple version. I may use less cluttered methods, but I find this stuff very interesting. With markets at a key juncture, the US dollar over bought (but bullish), the precious metals, commodities and increasingly, global markets over sold but bearish and US stocks acting as if October 2014 could at least recall memories of October 2008, I want to try to weave all this together around the simplistic monthly chart of gold, which is the asset that would provide liquidity for asset market refugees if the macro really were to get very negative. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| London gold fix price manipulation confirmed by Australian researchers Posted: 08 Oct 2014 05:43 AM PDT 8:44a ET Wednesday, October 8, 2014 Dear Friend of GATA and Gold: Another statistical study has concluded that the bullion banks involved in the London daily gold price fixing long have manipulated the price, apparently front-running their clients' trades. The new study, published in the September issue of the Journal of Futures Markets -- http://onlinelibrary.wiley.com/enhanced/doi/10.1002/fut.21636/ -- was conducted by a Ph.d student at the University of West Australia in Perth, Andrew Caminschi, and his professor, Richard Heaney, and was described in a report published this week in Perth's newspaper, The West Australian. A PDF copy of that report is posted at GATA's Internet site here: http://gata.org/files/WestAustralian-10-04-2014.pdf CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Anglo Far-East is a global market leader and innovator that for more than two decades has provided private purchase, vaulting, security logistics, transport, and liquidation of allocated gold and silver bullion outside of the banking system. AFE clients include individuals, family offices, and institutions like banks and regulated funds. Anglo Far-East: Think Outside the Bank Here's what one of our generationally wealthy clients has to say about AFE: http://www.afeallocatedcustody.com/research/teleconferences/download-inf... To get started, please visit: https://secure.anglofareast.com/ Anglo Far-East: Think Outside the Bank Join GATA here: New Orleans Investment Conference https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520... Mines and Money London http://www.minesandmoney.com/london/ * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit:
This posting includes an audio/video/photo media file: Download Now | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| We’re in an Economic Neverland… Part 2 Posted: 08 Oct 2014 02:46 AM PDT Dear Reader, As promised last week, below you’ll find the conclusion of Bill Bonner’s wonderful essay Neverland. If you missed part 1, you can read it here. My thanks again to Bonner & Partners for allowing me to share this usually premium material free to Casey subscribers. Enjoy. Dan Steinhart | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| David Morgan's Secret to Being Grateful, Even at $17 Silver Posted: 08 Oct 2014 01:00 AM PDT Manipulation and apathy can't keep silver prices down forever; there is too much demand and too much money sitting on the sidelines. In this interview with The Gold Report, Silver-Investor.com Editor David Morgan tells us why he is grateful for his balanced approach to investing and life. He also explains why he is still excited about four developers that are moving projects forward at any price. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Gold Bug is Set to Bite Back Posted: 07 Oct 2014 11:43 PM PDT Since hitting a record high of $1921.50 per ounce in September 2011, gold prices have erased 30% in value. By the end of day on October 3, 2014, gold prices were circling the drain of a 15-month low. After such devastation, the global community of gold analysts, advisors and investors finds itself scattered as an anthill colony after being stepped on by a giant bear paw. This recent Forbes article captures the divisiveness among gold watchers: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Unleashing the Oil Weapon Against Russia: How to Destroy a Great Empire Posted: 07 Oct 2014 05:00 PM PDT Do you remember the old Soviet Union? Dubbed as "The Evil Empire" by Ronald Reagan in 1983, it disappeared in a puff of smoke in 1991, crushed under a mountain of debts. The origins of the financial collapse of the Soviet Union are rather well known: it was related to the fall of the oil prices which, in 1985... | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold in Tug of War Between Asian Demand, Dollar Strength Posted: 07 Oct 2014 05:00 PM PDT Gold bids pushed prices up to 1-week highs at $1220 per ounce on Wednesday, rising in London trade after China's financial markets re-opened to find bullion unchanged in Yuan terms from before the Golden Week began. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fed-Induced Bounce-Back; Will the End of QE3 Lead to a Bear Market? Posted: 07 Oct 2014 05:00 PM PDT Bad news was good news on Wednesday as minutes from last month's Fed meeting gave traders reason to expect a slower liftoff on rate hikes in light of global growth concerns and a strengthening dollar. |
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